BUY ZINC DEC @ 217 SL 215 TGT 220-222. MCX - Kedia Advisory
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Aluminium
OBSERVATIONS
Aluminium trading range for the day is 193-198.2.
Aluminium fell as evidence of low demand offset previous measures that reduced supply.
Norwegian aluminum giant Norsk Hydro revealed that the downturn in industrial and real estate sectors across the globe
China halted the expansion of production capacity beyond the current limit of 45 million tons
BUY ALUMINIUM DEC @ 195 SL 194 TGT 197-199. MCX
Copper
OBSERVATIONS
Copper trading range for the day is 706-720.
Copper prices rose helped by strong Chinese export data and a weaker dollar.
China November copper imports at 550,565.6 tonnes China's November exports grew for the first time in six months, data showed.
BUY COPPER DEC @ 713 SL 710 TGT 717-720. MCX
Zinc
OBSERVATIONS
Zinc trading range for the day is 215.6-221.
Zinc prices dropped as markets continued to assess Chinese and US manufacturing health for insights on global demand.
Zinc stocks continue to decline after sharp November growth with daily LME data showing net fresh cancellations of warrants at 21,225 tons.
The global zinc market swung to a deficit of 15,400 metric tons in September from a surplus of 28,000 tons in August
BUY ZINC DEC @ 217 SL 215 TGT 220-222. MCX
